WCG Markets:2022-12-28
Brent is the leading global price benchmark for Atlantic basin crude oils. It is used to set the price of two-thirds of the world's internationally traded crude oil supplies. It is one of the two main benchmark prices for purchases of oil worldwide, the other being West Texas Intermediate (WTI).
Rising inflation, central bank hiking, and the high likelihood of a global recession are causing stocks and crypto markets to tumble this year.
Apple's stock tumbled in 2022, suffering from steep declines in the tech industry. Tech stocks just had their annus horribilis. The sell-off in the space was so indiscriminate that most shed billions or millions from their market capitalizations. The tech-heavy Nasdaq Composite Index has lost almost twice as much as the broader S&P 500 Index, underlining the skewed nature of the market sell-off toward the tech space.
At the beginning of the Asian market on Tuesday (December 27), the dollar index fluctuated in a narrow range, and the current trading is near 104.18; On the previous trading day, because of the compensatory holiday on Christmas Day, the overall trading in the foreign exchange market was light. The governor of the Bank of Japan denied the possibility of introducing easing policies in the short term. The rise of the yen slowed down.
Forex trading is the most liquid business in the world and its price can change because of some factors, thus traders should know about the forex price action.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
How many of you think that the ultimate secret of success in forex lies in finding the right trading strategy? What if we tell you that merely having a trading strategy isn’t enough, as you need to modify your trades in accordance with changing market conditions?
On Monday (December 26), affected by the Christmas holiday, the Hong Kong Stock Exchange and the exchanges of major western countries were closed for the holiday, and the trading of Brent crude oil futures contracts under ICE, precious metals under CME, US crude oil and foreign exchange contracts was suspended all day long. The Hong Kong Stock Exchange closed its northbound trading.
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The USD/JPY rose to 132.73 after the beginning of the American session and following the release of US economic data. It then pulled back finding support above 132.15.
The yen jumped to a four-month high against the U.S. dollar, on pace for its biggest one-day rise in 24 years, on Tuesday after the Bank of Japan stunned markets with a surprise tweak to its bond yield control program. US Dow futures were down over 250 points in the pre-market but after an impressive come back the Dow eked out a 92 point gain (+0.28%).
As part of their service and efforts to ensure each and individual trader is enjoying and benefiting from their trades, puprime is Please to advise the general about the upcoming Changes to the trading Hours on the following instruments’, and both trading hours and market session times will be affected by the upcoming New Year holidays.
Pound is the name for a unit of currency. It is used in some countries today and previously was used in many others. Forex traders have been long focused on the divergence in monetary policy. Due to the gap between interest rates of central banks, the US dollar was rising in 2022. There will be new trends in 2023. Let us discuss the Forex outlook and make up trading plans for the EURGBP and GBPJPY.
In the era modern, forex trading is presented online, so it should be supported by a platform traders want to run, must know the best forex trading platform.
Canada’s inflation rate decelerated in November but key gauges of underlying price pressures trended higher, potentially dashing hopes for a pause in interest-rate increases.
It is a widely held belief that a nation’s financial sector is the heart and soul of its economic health. Hence, it is no wonder that so much attention is paid to the advent of new financial technologies, aka FinTech. Currently, FinTech trends dominate almost all aspects of banking, trading, and global finance. With the introduction of real-time payments, open banking, and blockchain technology, financial management has changed significantly, and many new advances are more likely to follow.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Indonesia is a developing country that has a lot of chances to build a business, one of the businesses is Indonesia forex trading.
On Friday, December 23, Beijing time, during the Asian and European session, spot gold shocks slightly up and is currently trading near $ 1795.52 per ounce. After the overnight gold price plunge, the market has some oversold rebound adjustment demand. But the market wait-and-see mood is thicker, on the one hand, to wait for the U.S. November PCE data and durable goods orders data out in the evening, on the other hand, is the upcoming Christmas holiday.